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Feb 28, 2013
02/13
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the biggest thing name packets discretionary spending in the u.s. is the price of the consumer's home. once again inventories are at literally seven or eight-year lows. prices across the nation in terms of home prices are up double digits. this is what's going to drive discretionary consumer spending. >> is this not to say we couldn't have some sort of a correction at some point? are you willing to absorb a 10% decline here and hang in there still? >> to be fair, had a pretty quick move here-to-date. the s&p coming in today was up 6.5% in two months. that's a great annualized return so the markets ebb and flow, but the fact is the market is going to go the direction of the economy, and the economy is stabilizing and will start to accelerate. >> i don't know that it's stabilizing. you make a lot of good points because we do see the spots of weakness and anemic growth in a lot of areas except for housing which continues to show strength which darryl correctly points out. let me get your talk on interest rates. when would you expect rates to start movi
the biggest thing name packets discretionary spending in the u.s. is the price of the consumer's home. once again inventories are at literally seven or eight-year lows. prices across the nation in terms of home prices are up double digits. this is what's going to drive discretionary consumer spending. >> is this not to say we couldn't have some sort of a correction at some point? are you willing to absorb a 10% decline here and hang in there still? >> to be fair, had a pretty quick...
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Feb 6, 2013
02/13
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more of a positive contagion fueled by, well, i can go on and on, but you could have substituted the u.s. for europe in any one of those instances, and the hacking is a big topic on the floor today. many people think, you know, just like everything the fed does, it was probably easier to get into that website than find an exit to get out. >> hotel california, as it were. >> yeah. >> steven wood, you've been following the international markets quite a bit. now, we all know that all the central banks around the world have the race to the bottom going on right now. does that make it easier to pick equities, for example, in japan where they are trying to devalue the yen at the same time? >> well, i mean, what's happening in japan right now it makes equities and securities much more interesting in japan. we're standing in the forefront of this global tidal wave of liquidity. the fed has really been a leader on this, but the europeans and my belief as well, it's more of a chronic condition. they are going to be remissions and there's flare-ups as well which we saw on monday but the europeans n
more of a positive contagion fueled by, well, i can go on and on, but you could have substituted the u.s. for europe in any one of those instances, and the hacking is a big topic on the floor today. many people think, you know, just like everything the fed does, it was probably easier to get into that website than find an exit to get out. >> hotel california, as it were. >> yeah. >> steven wood, you've been following the international markets quite a bit. now, we all know that...
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611
Feb 15, 2013
02/13
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gold is priced in u.s. dollars, so right now the u.s. dollar is seeing strength against the yen and the euro so we're having a positive -- sorry, a positive impact on the dollar and negative on gold. that has turned and can turn around very quickly, but, again, it's your long-term viewer, whether it's marc faber or someone else in terms of how you believe the ultimate solution to extremely high debt levels world wide is going to be resolved, and -- and there's, you know, a good argument that says the only way it's going to be resolved is through inflation. >> all right. leave it there. so good to have you on the program. thanks for stopping by today. appreciate your time. >> thank you. >> thank you. >> heading towards the close. we've got about 15 minutes left. the dow trading now down 5 points, was down 61 points led lower by the retailers after the walmart story got out, but we've come well off the lows. >> we have. >> down five points. looks like it's going positive. the clash of the titans is heating up again. >> i do not, as a great
gold is priced in u.s. dollars, so right now the u.s. dollar is seeing strength against the yen and the euro so we're having a positive -- sorry, a positive impact on the dollar and negative on gold. that has turned and can turn around very quickly, but, again, it's your long-term viewer, whether it's marc faber or someone else in terms of how you believe the ultimate solution to extremely high debt levels world wide is going to be resolved, and -- and there's, you know, a good argument that...
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Feb 19, 2013
02/13
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according to u.s. macizations activity is double what it was the same period last year and the second highest year-to-date total ever, second only to the year 2000. maria. >> thank you so much. kayla. not just retail. investors seeing a pickup in m & a action. warren buffett entered the ring with the buyout of heinz. peter weinberg joins us now. peter, nice to have you on the program. >> thank you, maria. your firm did the nyc ice deal, a number of other deals. advisory business has been incredibly busy. what's behind the new string of deals. >> i think the whole street is busy. all of the m & a departments, here and in left-hand op, are burning the midnight oil. there's some of the old chestnuts we we've had for years frankly. lots of cash. good capital structures, low interest rates so all of that -- nothing has changed with respect to that. what has headached is the market's receptivity to deals. i think it's interesting that the berkshire hathaway stock went up. the comcast stock went up upon their
according to u.s. macizations activity is double what it was the same period last year and the second highest year-to-date total ever, second only to the year 2000. maria. >> thank you so much. kayla. not just retail. investors seeing a pickup in m & a action. warren buffett entered the ring with the buyout of heinz. peter weinberg joins us now. peter, nice to have you on the program. >> thank you, maria. your firm did the nyc ice deal, a number of other deals. advisory business...
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99
Feb 26, 2013
02/13
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FBC
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liz: we were doing that too in the u.s. a little bit with the fed; right? >> everybody is somewhat afraid of being too strong, so there is -- i won't call it a currency war, but there is certainly currency skirmishes, what we have been doing is similar to what other nations have been doing. we have been making everything more liquid which affects the dollar and the dollar weakens. liz: it seems obvious that the yen would continue to weaken and that a lot of people are shorting the yen. is that a trade that could turn and move quickly? >> it could in terms of a short-term reaction toward where it's been going. i think in the long run the yen probably has more to go. liz: i have to ask you about exchanges. the cme obviously was not part of the big acquisition, the big merging trade that we've seen lately. of course the nyse joining with the i.c.e., there is a rumor, i'm not shocked that you probably know about this, that the deutsche boerse and the cme may very well hook up. would you be in support of that kind of thing? >> i'm not going to comment on anythin
liz: we were doing that too in the u.s. a little bit with the fed; right? >> everybody is somewhat afraid of being too strong, so there is -- i won't call it a currency war, but there is certainly currency skirmishes, what we have been doing is similar to what other nations have been doing. we have been making everything more liquid which affects the dollar and the dollar weakens. liz: it seems obvious that the yen would continue to weaken and that a lot of people are shorting the yen. is...
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the auto industry is a bright spot in the u.s. economy. and i've seen it that way for the last several years. and while i'm a very good car salesman from new jersey, there's some drivers here that are very powerful that this auto recovery is going to continue, and those skeptics are going to proved to be wrong. here are the drivers: genuine replacement need. we didn't have a recession in automotive. we had a depression. sales collapsed to an unfathomable low level and people stopped buying vehicles. and it pushed out the average age of cars in the united states to 11 years old. they stopped fixing them, and they have to do something. so they come into talk to us, and we have great new products, like never before, great design, quality, innovation, and the financing is the best offering we've ever had because while the banks want to lend again, they were very impressed with the way the consumer made the car payment first in their household during the financial crisis. very attractive place to lend. if you look at the december, january sales
the auto industry is a bright spot in the u.s. economy. and i've seen it that way for the last several years. and while i'm a very good car salesman from new jersey, there's some drivers here that are very powerful that this auto recovery is going to continue, and those skeptics are going to proved to be wrong. here are the drivers: genuine replacement need. we didn't have a recession in automotive. we had a depression. sales collapsed to an unfathomable low level and people stopped buying...
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Feb 20, 2013
02/13
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FBC
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and we are seeing improvement in all of our properties here in the u.s. and certainly just finished another record year. liz: i want to stick with las vegas for one moment. everybody is wondering, certainly analysts, are we through the attempt to recover, are we through the recovery or are we still in the process? >> i think we can close the chapter on the recovering from the recession and i move on to the fact we are firmly underway with growth again. my competitors are seeing it, we are seeing it, we are having a good first quarter so far, tremendous calendar for the second quarter, i predict profits will be up in las vegas for everybody and i think we will do better than most given our dominant position. i would have to say we will see higher revenues, improved margins particularly in las vegas for us, higher profits and yes, fortunately we are doing much better today. liz: i think steve wynn is thrilled you are speaking for everybody sang it is getting better. it was worth the revenue is not what it should be for the current numbers in the revenue dis
and we are seeing improvement in all of our properties here in the u.s. and certainly just finished another record year. liz: i want to stick with las vegas for one moment. everybody is wondering, certainly analysts, are we through the attempt to recover, are we through the recovery or are we still in the process? >> i think we can close the chapter on the recovering from the recession and i move on to the fact we are firmly underway with growth again. my competitors are seeing it, we are...
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121
Feb 25, 2013
02/13
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FBC
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world bank of scotland unloading is but a 25% of the u.s. being citizens through initial public offerings. hoping to sell the stake this year or next year which analysts estimate is worth between 9 9-$15 billion. he met with ford in the first collaboration with an automaker. available in the u.s. next month in every app link equipped ford vehicle. spotify says of the 20 million active users worldwide, 25% of them are paying subscribers. we continue our "countdown to the closing bell" with ashley webster. ashley: all right, welcome back, everybody. money flowing into some utility stocks and a few hitting record highs. let's go to nicole petallides at the new york stock exchange for details on this, nicole. nicole: you talk about the skittishness on wall street, you see utilities would be a group defensive play, consumer staples go into that as well, so take a look at today's stocks including northeast utilities, bp energy, hitting record highs today as you are seeing people running to that flight to safety. another cameraman has to stay with
world bank of scotland unloading is but a 25% of the u.s. being citizens through initial public offerings. hoping to sell the stake this year or next year which analysts estimate is worth between 9 9-$15 billion. he met with ford in the first collaboration with an automaker. available in the u.s. next month in every app link equipped ford vehicle. spotify says of the 20 million active users worldwide, 25% of them are paying subscribers. we continue our "countdown to the closing bell"...
526
526
Feb 26, 2013
02/13
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CNBC
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. >> might be more than the u.s. government has their thands on. >> aal has been an amazing story. i don't know if that changes your mentality as a corporate interity their can never have too much cash. maybe that's one thing. >> that's a good point and the pressure to do something with it, to return it to shareholders. >> that's really important. from our shareholder base we really believe in returning cash and i think shareholders really appreciate that. they are chasing yields so it's having -- still a dividend over the woman of years. i wand to talk about acquisitions. >> this value game is focused on taking the money back. how about expanding the money share. how about sitting with china mobile. can't make a deal because they are worried about subsidies. they are getting hurt over there becauses prooit prices are too high. how about an iphone mini or iphone 5s. samsung has a new device coming out and will kill them off europe in europe. >> mostly invested in apple because for ten years i've owned all their products and it worries me when the value guys are circling. will the c
. >> might be more than the u.s. government has their thands on. >> aal has been an amazing story. i don't know if that changes your mentality as a corporate interity their can never have too much cash. maybe that's one thing. >> that's a good point and the pressure to do something with it, to return it to shareholders. >> that's really important. from our shareholder base we really believe in returning cash and i think shareholders really appreciate that. they are...